The Freedom Formula Podcast: Achieving Financial, Location and Time Freedom

In this episode Neel and David discuss how to build your marketing strategy when you're just starting out. David sets the stage for the discussion by pointing out that every business wants a consistent, profitable stream of customers without too high of an acquisition cost.  How do you do that? Neel and David explain: Different channels (both online and offline) available to businesses Using your competition to reverse engineer a marketing plan The importance of testing and budgeting in different channels The need to stay focused on one or two channels at a time in the early days Why what works in one city may not work in another They also share some stories about what didn't work and what you can learn from that. Enjoy the episode!

In this episode Neel and David interview Giuseppe Grammatico, the Franchise Guide about all things franchise-related. Giuseppe was once a corporate executive who hated his job and looked for an exit strategy in becoming a business owner.  He chose to hire a coach to help him choose a franchise and in the process decided that's exactly what he wanted to do.  He runs the Franchise Guide and has a book and podcast to help educate those who, just like he was years ago, want more control of their financial lives through owning a franchise. Giuseppe also shares: Who is a good fit for a franchise (and who isn't) The pros and cons of franchising instead of starting your own business What business models are the most "remote local" What business models are the most popular in franchising at the moment and why Enjoy the episode!

In this episode Neel and David discuss how timezones affect your remote local business, whether you are traveling for business or pleasure. David was running his business in Colorado for a few years before deciding to live in Israel for a year, and he was sometimes answering the phone in the middle of the night.  Neel wasn’t ever that crazy and brought on someone pretty early to help with calls and even when he did go away, it was to time-compatible Latin America. They also discuss: Stories and challenges working in Europe and Asia with American-based businesses The pros and cons of being “in the future” in relation to your team The existence of the digital nomad “graveyard shift” in Asia David also shares his recipe of being purposely less available to his team when he’s abroad to help them develop their autonomy and resilience. Enjoy the episode!

In this episode Neel and David discuss the impact of where you live in relation to your entrepreneurial growth. Neel begins by stating his own preference for a larger city, where he will get access to more activities and a community that will push him to work harder.  He characterizes this as “big city energy.” David’s own preferences are split: he enjoys being out in nature, near the mountains or the beach, but also enjoys the momentum and energy that can come from being in a bustling and busy environment. As the discussion continues they found common ground around the idea of a community: wherever you choose to live for most of the year, the key is having access to a strong community.  That community can be digital or physical. Neel and David also discuss: Whether you can live in Bali or Chiang Mai and still build big businesses How Covid-19 affected some Asia-based entrepreneurs The Dynamite Circle, a digital community where they first met The idea that countries, not just cities, have their own energy The balance of “happiness” and “success” Enjoy the episode!

If you're looking to start a local business or expand in your current business, your local market and competition matter a lot. Trying to rank on Google in New York is going to be very different experience than trying to rank in Omaha, and the competition and rewards differ from market to market as well. Neel pulls from his experience with analyzing franchise territories and David pulls from his acquisition experience to provide a play-by-play on how you can analyze any geographic market and see if its a good fit for your business. In this episode, you'll learn: How to analyze local markets and assess what is the BEST market to open up a service-based business in Mega Cities vs Small Markets: How to analyze the tier of the city to see its a good territory How to analyze the Google results & rankings Identifying the quality of website: funnels, lead capture, website speed, etc

In this episode, we have a super special guest - Rohan Gilkes, Founder of Launch27 and MaidsInBlack. After 10 years working in corporate, Rohan got laid off from his banking job and starting a local cleaning company on a whim just to find some extra cash to afford his car payment. After scaling the business to over $20,000 in PROFIT per month within 8 months, Rohan decide to posted his story on a Reddit forum, which inspired thousands of people to start their own local business (including Neel).  Rohan's fully-remote local business currently generates millions of dollars in annual revenue with less than 1 hour of work per month. In addition to the cleaning business, he also started and recently sold a software company he founded. In this episode, we discuss: Rohan's origin story and how he came across the entrepreneur path Scaling his business and how he managed to grow so quickly Rohan's definition of "success" as an entrepreneur and goals now You can find out more about Rohan here: https://www.rohangilkes.com/ https://twitter.com/rohangilkes 

Have you ever wondered if a motivated entrepreneur can have zen-like calmness? In today's society, being very calm and highly driven seem to be at odds with each other.  Today's episode is about dispelling that myth and discussing how mediation and spirituality can drastically improve your entrepreneurial journey and help you live a more meaningful live. Neel & David discuss: The current “hustle culture” mentality portrayed in social media David's journey in meditation & spirituality How meditation has helped David level up his business and go bigger David's key takeaways from his 5-day meditation retreat and lessons to be shared

Cam Woodsum left the tech world in Silicon Valley and found himself on the digital nomad path. Within a handful of years, he was able to achieve 'financial retirement' through his affiliate website businesses and other ventures. Cam is obsessed with world impact, freedom, happiness and entrepreneurship, and now runs FreedomIsEverything.com and Nomad Impact Ventures. Before his nomad life, Cam ran the special projects group at DoorDash, a Silicon Valley company backed by ~$1B from the early investors in Apple, Google, Facebook, and Amazon. While at DoorDash, he launched and managed two business lines that generated $1M+ in yearly profit. In this interview with Cam, you'll hear about: What type of businesses Cam started to achieve his freedom and why Building a "mercenary" business model to achieve your own goals Using the idea of short sprints to quickly find your passion, and then double-down on it You can learn more about Cam at www.FreedomIsEverything.com and https://nomadimpactventures.com/

Dating while traveling can be one of the most exciting experiences of your journey....but can also have some serious drawbacks.  In this episode, David & Neel discuss their experiences in finding romance while on the road and how you should be evaluating it yourself. You'll hear about: What types of people you’ll run into while dating and their mentality: travelers, expats, nomads, vacationers, locals Long-term dating difficulties when you have an international romance Cultural differences and how to navigate them Where to meet people and how

Many entrepreneurs start off being "solopreneurs", meaning you're the only one managing everything and work only for yourself. As business owners scale, many want to start adding teammembers and building a team, which is when the shift happens to become the "CEO" of your company. In this episode, David & Neel dissect:  Why is it so hard to go from solopreneur to CEO? Is it even worth it? Mindset needed to transition from Solopreneur to CEO Lessons from David’s coaching client about this Current stage Neel is in on this journey